Oireachtas Joint and Select Committees
Wednesday, 9 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Denis O'Connor:
Well, the Anglo projections they had produced themselves for management would have indicated that it couldn't pay its bills as they fell due without some contingency plan or plan on 30 September. The assets exceeded liabilities because you can't book any future losses at that point in time.
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